Forex: Traders’ favourite market – The Conservative Investor Daily


Source: theconservativeinvestordaily.com theconservativeinvestordaily.com

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view original post The foreign exchange market (also known as FX and Forex) has neither a physical location nor a central exchange. The entire market is run electronically and continuously over a 24-hour period, from 22:00 GMT on Sunday until 22:00 GMT Friday. Within these hours, trading is carried out through networks of banks, dealers and brokers who trade currencies between each other at agreed prices and at rapid speed. There is more money transacted daily for foreign exchange purposes than for any other asset class. This fact, together with the ease with which Forex can be traded makes it...